AZL General Discussion, page-19033

An important week coming up. Maybe a defining week. Last 2 weeks have been very good - 100% gain previous week, 33% gain this week. But we have to move out of some levels. As long as we are in some level, many may think of this as a false break out - which means they will try to exit on any weakness leading to sell pressure.

So what is that level that punters may feel this may be a real deal? I feel to start finishing consistently above 5 is a start. But with AZL history, it may have to be slightly higher - enough above 5 so that 5 looks like a big support. Last few days I was writing how 3.4/3.5 may act as big support. Till now it has done so. We want 5 to look similar. Upside, I have a feeling 8 may be on the cards, not immediately (but who knows), but may in short term. Market cap is still small - with respect to if Prairie is shaping what Paul/Brett are saying. Its still 50/50 at this stage as we need more confirmation, but to even reach 50 has been good. Also all this buy is not retail - very strong buys. So some entities have become aware of AZL and its potential, and they are thinking risk/reward from here is very good, as many of us retail might be thinking. I am hoping for a very good week, general markets going in right direction, Li sector looking like bottoming with US Li stocks gaining around 10% for the week. On Friday, US Li stocks had a good day. ASX Li stocks should start green. And we? Lets hope its a big green to bury the 5.

For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

Here is the report for this week.
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https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-2#post-70980049
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